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Dec 3, 2012
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debt. he's here to explain how he did it. >> and the stock that just raised almost $14 million in new funding. you want to know the name of the company. we're back in two. ♪ [ male announcer ] 'tis the season to discover the kid in all of us. enjoy free shipping and great values on your holiday shopping from l.l. bean. can i still ship a gift in time for christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for christmas delivery. >>> greece is starting a two-week process by where it will spend billions buying back its own debt at a huge discount and then canceling it. it's part of a debt reduction plan agreed by finance ministers to cut the debt burden for greece and there are a few seizing the opportunity from greece's crumbling economy and we have the ceo of graylock capital. welcome to the program. you are on record in the spring saying this was the trade of the year. going now and buy
debt. he's here to explain how he did it. >> and the stock that just raised almost $14 million in new funding. you want to know the name of the company. we're back in two. ♪ [ male announcer ] 'tis the season to discover the kid in all of us. enjoy free shipping and great values on your holiday shopping from l.l. bean. can i still ship a gift in time for christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex...
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Dec 13, 2012
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bush, the unlimited ability to raise the debt limit? >> they're talking about doing it now. >> i know they're talking about doing it now. do you think there's any chance that senator reid or then-senator obama would have done that? zero. congress is never going to give up our ability to control the purse. and the fact is, the debt limit ought to be used to bring fiscal sanity to washington, d.c. >> last question. >> mr. speaker, last week the supreme court reviewed the defense of marriage act. as you know, house republicans are in defense of that law. there was a $1.5 million cost cap outside counsel to fund that, but according to house democrats, that cost cap has decreased. do you is not the idea of raising that to pay for it? >> if the justice department is not going to enforce the law of the land, the congress will. thank you all. >> there's house speaker john boehner walking off the podium after handling a number of questions. what he seemed to underscore is the fact that there has not been much progress made. he said it is clear t
bush, the unlimited ability to raise the debt limit? >> they're talking about doing it now. >> i know they're talking about doing it now. do you think there's any chance that senator reid or then-senator obama would have done that? zero. congress is never going to give up our ability to control the purse. and the fact is, the debt limit ought to be used to bring fiscal sanity to washington, d.c. >> last question. >> mr. speaker, last week the supreme court reviewed the...
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Dec 10, 2012
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the co-founder of the fix the debt campaign, he was asked about the chances of striking a deal to avoid the cliff. >> it's probably more like a 40% chance we'll actually get it done before the end of the year. probably 25% chance we'll get it done right after the end of the year. and then there's that horrible 35% chance that we'll still go over the cliff and have pure chaos. but i think the chances of getting it done now are better. i think that's what's key. >> be sure to tune in tomorrow for the fiscal cliff coverage live from washington. mission critical, rise above d.c., all day long. becky quick, jim cramer, maria bartiromo holding their feet to the fire about where they stand on the fiscal cliff and how they'll do their part to rise above partisan politics and reach a deal. now, there are some bowles comments. 40%, yeah, but the odds are much better. they're still 35% chance it will not happen. it's not exactly confidence building. >> not necessarily confidence building. always interesting to me how people can put percentage chances on anything like this. seeing how difficult it
the co-founder of the fix the debt campaign, he was asked about the chances of striking a deal to avoid the cliff. >> it's probably more like a 40% chance we'll actually get it done before the end of the year. probably 25% chance we'll get it done right after the end of the year. and then there's that horrible 35% chance that we'll still go over the cliff and have pure chaos. but i think the chances of getting it done now are better. i think that's what's key. >> be sure to tune in...
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Dec 20, 2012
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obama said yesterday talks with speaker boehner were deteriorating. a member of the ceo fiscal leadership council of the campaign to fix the debt, he joins us now. when you're on fix the debt, it must be doubly frustrating. what's your latest take? >> well, as we all know, the situation is very fluid. to me it appears as though there has been some signs of progress on both sides both in terms of speaker boehner's involving position, i think the white house position has been evolving. you sense there is a framework for a deal to be done. we hope partisanship doesn't torpedo the entire series of conversations but it feels like the two sides are close enough that there ought to be a deal that can be cut. >> so the detour that we've taken over the past 48 hours with regard to plan b, is that a political tool or do you believe that is actually a road that leadership wants to go down if they have to ? >> i think everything at this point is a political tool. i think both sides should want a deal. investors want a deal. the american public wants a deal. folks
obama said yesterday talks with speaker boehner were deteriorating. a member of the ceo fiscal leadership council of the campaign to fix the debt, he joins us now. when you're on fix the debt, it must be doubly frustrating. what's your latest take? >> well, as we all know, the situation is very fluid. to me it appears as though there has been some signs of progress on both sides both in terms of speaker boehner's involving position, i think the white house position has been evolving. you...
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Dec 11, 2012
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bill daley was the white house chief of staff under president obama during the debt ceiling negotiations last year. mr. daley, thank you very much for joining us this morning. >> thanks for having me. >> reporter: we were just trying to figure out what to make of this. all morning long we've been saying it's relatively good news that we haven't within hearing from the principalprincipals. what does it mean now that speaker boehner is going to be addressing the house at noon. >> i think it's a strong sign there is movement. i don't know that. i'm not on the inside. i don't know what's going on. i doubt the speaker is going to stand up and speak to the body and say nothing's happening and we're not going anywhere and just give a partisan speech. so i'm hopeful that that's what this means. i think it would be damaging to a process that has been basically as it was in '11, a pretty quiet going process kept in secret if all the sudden this becomes anything but that process. i think a very public negotiation does not help getting this done. in what is a relatively very short period to sort of
bill daley was the white house chief of staff under president obama during the debt ceiling negotiations last year. mr. daley, thank you very much for joining us this morning. >> thanks for having me. >> reporter: we were just trying to figure out what to make of this. all morning long we've been saying it's relatively good news that we haven't within hearing from the principalprincipals. what does it mean now that speaker boehner is going to be addressing the house at noon....
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Dec 27, 2012
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obama returning from holiday early? is he a man that this is irrelevant? and the market has a bit [ inaudible ] >> couldinged market is not reading this right, could be the president is coming back for strictly symbolic purposes and don't, in fact, get a deal going into new year's eve. we just don't know at this point. and there's a lot riding on this, on advice yowly, that we can't see from here how we are going to get this deal by monday, what's going to be required is these guys are going to have to come to a deal behind closed doors and announce it publicly, it is going to have to survive the vetting it gets publicly and then it's going to have the votes in both the house and the senate, which are very different bodies, one controlled by republican, the other controlled by democrats and that's going to be a very dicy thing to do but it's going to be a moment of high drama if we get a between now and monday. >> his point about proceed yours is a good one. the president spoke to the business roundtable the other day as you recall, eamon, even if you got
obama returning from holiday early? is he a man that this is irrelevant? and the market has a bit [ inaudible ] >> couldinged market is not reading this right, could be the president is coming back for strictly symbolic purposes and don't, in fact, get a deal going into new year's eve. we just don't know at this point. and there's a lot riding on this, on advice yowly, that we can't see from here how we are going to get this deal by monday, what's going to be required is these guys are...
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Dec 17, 2012
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take a look at how that compares to where barack obama has stood so far. he's saying he wants to raise tax rates at above 250,000 in income and he's looking for $1.4 trillion in new tax revenue. that's about 0.4 trillion higher than the speaker as of right now. and he's looking for a near permanent extension of the debt ceiling. he'd like to get rid of that problem altogether. so, right there, carl, you can get a sense that they're not all that far apart. there is still some distance to be bridged here. if you talk to people in washington today, as i've been doing, they don't get a sense that a deal is imminent, you know, in the next 24 to 48 hours but we are definitely inching that way in this new offer from speaker boehner is encouraging to those who would like to see a deal here, carl. >> eamon just mechanically say they came out arm in arm so to speak in the next few days. could the wheels get something on paper in time for us to get this done before year end? >> they might be able to get it done before year end or what they might be able to do is sort
take a look at how that compares to where barack obama has stood so far. he's saying he wants to raise tax rates at above 250,000 in income and he's looking for $1.4 trillion in new tax revenue. that's about 0.4 trillion higher than the speaker as of right now. and he's looking for a near permanent extension of the debt ceiling. he'd like to get rid of that problem altogether. so, right there, carl, you can get a sense that they're not all that far apart. there is still some distance to be...
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Dec 5, 2012
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under this administration under president obama we have seen record deficits and a record debt accumulate and yet he keeps demanding that we raise taxes -- >> those are some of the republican leadership in the house as you can see responding to the white house's response to their counteroffer of a couple days ago as a reminder the president is going to speak to the business roundtable at 10:50 this morning. we think he'll take some questions even as gop leadership is meeting with small businesses as negotiations or lack thereof over the fiscal cliff continue. >> did you see that the nbc white house team is reporting the belief that perhaps the republicans don't have the fight in them anymore to really dig in now on the concessions on the way which is good news if you don't want to go over the fiscal cliff but they are dispelling the real argument for later on. >> fuel line inspections being ordered for boeing 787 dreamliner. phil lebeau has more on this story. >> a rough day yesterday if you are tracking what's happening with the dreamliner. one of two important stories that broke yesterd
under this administration under president obama we have seen record deficits and a record debt accumulate and yet he keeps demanding that we raise taxes -- >> those are some of the republican leadership in the house as you can see responding to the white house's response to their counteroffer of a couple days ago as a reminder the president is going to speak to the business roundtable at 10:50 this morning. we think he'll take some questions even as gop leadership is meeting with small...
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Sep 11, 2012
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>> you cannot fix our long term debt situation without affecting medicare and medicaid. medicare and medicaid combined are going to consume all the revenue in 20 years. that's how fast the programs are growing. but the idea of a simpson bowles formula makes sense to me. that is republicans would generate new revenue not by raising taxes, by limiting deductions and exemptions and democrats would agree to entitlement reform and we all agree to discretionary spending caps. that's the magic formula and health care is the big driver of the debt. so that's what i'm looking for is both parties giving. i want more revenue not from higher tax rates but by eliminating deductions and loopholes and flattening the tax rates and flatten the tax code. >> it should be a very, very engaging season. >> you should be on the panel. you should be in the debate. >> oh, i'll tell what you, i certainly would ask tough questions about the economy. thank you, senator. carl, back to you. >> all right. rick, thanks a lot. just a few moments left in europe's trading day. we'll get the close and the
>> you cannot fix our long term debt situation without affecting medicare and medicaid. medicare and medicaid combined are going to consume all the revenue in 20 years. that's how fast the programs are growing. but the idea of a simpson bowles formula makes sense to me. that is republicans would generate new revenue not by raising taxes, by limiting deductions and exemptions and democrats would agree to entitlement reform and we all agree to discretionary spending caps. that's the magic...
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Nov 7, 2012
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coming up next, we'll talk with steven rattner, a member of the fix the debt campaign. later, an exclusionive with randall stevenson from at&t. dow down 217 points. this is a 1.6% decline on s&p and the dow. nasdaq is down by 1.6%. much more "squawk on the street" straight ahead. for 30 some years at manyuperit different park service units across the united states. the only time i've ever had a break is when i was on maternity leave. i have retired from doing this one thing that i loved. now, i'm going to be able to have the time to explore something different. it's like another chapter. to a world of super-connected intelligence. the potential of freescale unlocked. nyse euronext. unlocking the world's potential. to investing with knowledge. the potential of td ameritrade unlocked. nyse euronext. unlocking the world's potential. >>> dow is down 235. s&p down 25. 1,402. people are talking about near term support around 1,399. we'll see. in the meantime, mitt romney referencing partisanship in his concession speech as president obama has the challenge of bringing togethe
coming up next, we'll talk with steven rattner, a member of the fix the debt campaign. later, an exclusionive with randall stevenson from at&t. dow down 217 points. this is a 1.6% decline on s&p and the dow. nasdaq is down by 1.6%. much more "squawk on the street" straight ahead. for 30 some years at manyuperit different park service units across the united states. the only time i've ever had a break is when i was on maternity leave. i have retired from doing this one thing...
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Nov 16, 2012
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. >> over president barack obama's first term, the federal debt to gdp ratio increased over 19% and is projected to increase over 20% by the end of his second term. ♪ ♪ [ male announcer ] don't just reject convention. drown it out. introducing the all-new 2013 lexus ls f sport. an entirely new pursuit. ♪ [ male announcer ] this is karen and jeremiah. they don't know it yet, but they're gonna fall in love, get married, have a couple of kids, [ children laughing ] move to the country, and live a long, happy life together where they almost never fight about money. [ dog barks ] because right after they get married, they'll find some retirement people who are paid on salary, not commission. they'll get straightforward guidance and be able to focus on other things, like each other, which isn't rocket science. it's just common sense. from td ameritrade. >> i have said he's wandering the earth and what can he do? he can't murder you. he can't burn your house. only thing can he do is defeat you for re-election and that means more to you than your country, you shouldn't even be in congres
. >> over president barack obama's first term, the federal debt to gdp ratio increased over 19% and is projected to increase over 20% by the end of his second term. ♪ ♪ [ male announcer ] don't just reject convention. drown it out. introducing the all-new 2013 lexus ls f sport. an entirely new pursuit. ♪ [ male announcer ] this is karen and jeremiah. they don't know it yet, but they're gonna fall in love, get married, have a couple of kids, [ children laughing ] move to the country,...
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Dec 24, 2012
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ceiling after the inauguration as their best chance of pushing president obama and democrats for more budget cuts. >> the big chance for a big deal is that the debt ceiling -- that is when we'll have leverage to turn the country around, prevent it from becoming greece and save social security and medicare. >> as a practical matter no matter what congress and the white house do before the end of the year it is already too late for most employers to accurately withhold taxes from the january pay checks unless there is no change so workers will feel immediately for example that 2% hike in social security taxes in those first january pay checks. carl? >> i hate to work in an accounts payable department over the next couple weeks, hampton. it is going to be kind of nutty. thanks so much. hampton pearson in washington. procrastinators across the country are hitting the malls today to take advantage of the last-minute sales. find out which retailers are going to benefit the most. but first, rick santelli is working on something for a little later on. rick? >> and probably about a dozen minut
ceiling after the inauguration as their best chance of pushing president obama and democrats for more budget cuts. >> the big chance for a big deal is that the debt ceiling -- that is when we'll have leverage to turn the country around, prevent it from becoming greece and save social security and medicare. >> as a practical matter no matter what congress and the white house do before the end of the year it is already too late for most employers to accurately withhold taxes from the...
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Feb 3, 2012
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you've got another debt limit at the same time coming up and obama care going into effect. that is an uncertainty. that is why you have the highest from the last 50 years more money corporations are holding than any other time. we need to unshackle that and unleash that. that is the greatest stimulus you could have without $1 being borrowed by government. that is an ability to continue to create private sector jobs. >> congressman, can i just briefly touch if possible on where we are externally with the foreign affairs? we've had overnight iran now launching its first domestically built satellite into orbit and it is clear israel's defense minister is very worried that they're rapidly varying their nuclear ability deep in the ground where it cannot be hit by a strike from above. if tel aviv does launch a surprise attack on iran, what should the united states response be? should they get involved in any military aggression between iran and israel? >> i think america being a world leader should make sure that never has to happen. so first and foremost we should make sure iran
you've got another debt limit at the same time coming up and obama care going into effect. that is an uncertainty. that is why you have the highest from the last 50 years more money corporations are holding than any other time. we need to unshackle that and unleash that. that is the greatest stimulus you could have without $1 being borrowed by government. that is an ability to continue to create private sector jobs. >> congressman, can i just briefly touch if possible on where we are...
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Mar 6, 2012
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has laid out, which means that a continuation of mind boggling deficits and adding up to the debt going up to 75% gdp which is madness. >> when i talked to ceos, particularly behind closed doors, because they are not outspoken on this issue as a group, they say it's the number one issue. and it's distressing to them that both parties seem unable to come anywhere near something that would immediately reduce the deficit and get us turned ala the simpson-bowles plan that is out there but doesn't seem to be grabbed by anybody. you're a republic. you still are, right? >> kind of. >> and there are plenty of republicans like you. and i'm not hearing anything about the deficit from your candidates either. >> when nifts washington, i went as a career person in 1961 and i became a republican by association when churchill asked me to give up my career status to accept an appointment job. people say he must be a republican. i tell you what, more and more i don't want to be associated with a party because i'd rather be associated with good ideas instead of with some ideological madness which is what
has laid out, which means that a continuation of mind boggling deficits and adding up to the debt going up to 75% gdp which is madness. >> when i talked to ceos, particularly behind closed doors, because they are not outspoken on this issue as a group, they say it's the number one issue. and it's distressing to them that both parties seem unable to come anywhere near something that would immediately reduce the deficit and get us turned ala the simpson-bowles plan that is out there but...
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Nov 20, 2012
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my whole thought on this is that the debt negotiations and the cliff negotiations in the united states have not even really started. we had a handshake and constructive slap on the back by boehner and obama and that's going to fade next week when they actually get into the details of what they have to come up with. there will be acrimony and disagreement. that's what i want to take advantage of when we see a rally and risk this week, i want to sell it and think next week we come back to reality. >> basically this is more of a u.s. dollar driven trade opposed to what's going on in europe. >> yeah. that's true. i also -- you can toss in there we had the downgrade of france even though s&p downgraded earlier this year and moodies did it this time. we'll see articles over the next tl three to four days and over the weekend with problems with the bailout facility when there's not enough aaa rated countries in there. you'll see more negative news out on that. >> good to speak with you. andy bush. for more currency trades, watch "money in motion." we're off this friday but back next friday. y
my whole thought on this is that the debt negotiations and the cliff negotiations in the united states have not even really started. we had a handshake and constructive slap on the back by boehner and obama and that's going to fade next week when they actually get into the details of what they have to come up with. there will be acrimony and disagreement. that's what i want to take advantage of when we see a rally and risk this week, i want to sell it and think next week we come back to...
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Aug 15, 2012
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barack obama took office. the contrast between the romney/ryan ticket and what president obama is offering could not be more stark. >> let's talk specifically about some medicare cuts. you guys have been aggressive in trying to target the president saying that those medicare cuts he's using to fund obama care, that's the wrong way to handle those cuts. ryan said he would keep the cuts but use them for different reasons. governor said he would restore them but hasn't explained how. any clarity there? >> we have to make sure that we ensure that medicare is there for seniors today and that it is strengthened for seniors tomorrow and that's what the plan will do. we have to repeal obama care and devastating $716 billion worth of cuts to medicare to pay for obama care. governor romney committed to restoring those cuts. that's going to be a big part of our plan going forward to ensure that seniors have the program they've come to rely on. president obama has decimated the program. it will potentially result in milli
barack obama took office. the contrast between the romney/ryan ticket and what president obama is offering could not be more stark. >> let's talk specifically about some medicare cuts. you guys have been aggressive in trying to target the president saying that those medicare cuts he's using to fund obama care, that's the wrong way to handle those cuts. ryan said he would keep the cuts but use them for different reasons. governor said he would restore them but hasn't explained how. any...
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Nov 5, 2012
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the fed will keep monetizing the debt. >> either way it's a tsunami. the problem is we don't know which direction it will go. >> no. when we changed the price target we said it was a 50/50 proposition. it was in the margin of error. that's where it sits today. >> yeah. >> i do think this is a situation where something like a payroll report at times where it has a lasting effect and how you react the next day and assess probabilities will be particularly important. trying to make a big -- you know, reallocate capital ahead of time. >> barry, great stuff. thank you very much, as always. >> all right, carl. >> we're less than 24 hours away from election kday and the race is tighter than ever. when we come back, an obama supporter gives us take an the election. we'll be right back. or that printing in color had to cost a fortune. nobody said an all-in-one had to be bulky. or that you had to print from your desk. at least, nobody said it to us. introducing the business smart inkjet all-in-one series from brother. easy to use, it's the ultimate combination o
the fed will keep monetizing the debt. >> either way it's a tsunami. the problem is we don't know which direction it will go. >> no. when we changed the price target we said it was a 50/50 proposition. it was in the margin of error. that's where it sits today. >> yeah. >> i do think this is a situation where something like a payroll report at times where it has a lasting effect and how you react the next day and assess probabilities will be particularly important. trying...
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Mar 16, 2012
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without a debt. that's why they're hitting it hard. yesterday obama hit it hard and the vice president at a speech in ohio hit it hard. they're going to be doing that all the way through november. >> phil, give us some perspective here. where were we on the highs in terms of sales in the '06, '05 period in there? >> close to $18 million here in north america. there were a few months it was over $20 million. those were isolated mornths. most are saying we're not going to get there any time soon. they are saying $15 million by 2013, 2014 is not a stretch. >> no. 40% from 10. >> auto sales peaked, correct me if i'm wrong here, back in 2000 when we were talking something like $17 million. it wasn't right before the boom. this was the overarching trend in auto sales that replacement rates, that period's getting longer and longer. it's interesting. we're not just talking getting back to '06-'07 levels but really that 2000 year seems to be the high watermark. >> right. look what happened with a lot of those sales. people hung on to those vehi
without a debt. that's why they're hitting it hard. yesterday obama hit it hard and the vice president at a speech in ohio hit it hard. they're going to be doing that all the way through november. >> phil, give us some perspective here. where were we on the highs in terms of sales in the '06, '05 period in there? >> close to $18 million here in north america. there were a few months it was over $20 million. those were isolated mornths. most are saying we're not going to get there...
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Feb 1, 2012
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where's our long-term debt? where's our deficits in this country? we have one of the most predictable looming economic disasters facing america and all we need to do is act on it. actually, the only thing president obama needs to do is fulfill the promises that he made to the american people in regard to those long-term debt problems and those long-term economic problems. and he's not there. and he apparently has no intention of going there. i think ultimately that will be the issue facing america moving forward in november. >> earlier this morning mitt romney was asked about gingrich. apparently not calling him after the primary, after his primary victory last night. says, i guess he doesn't have our phone number. what is standard practice in a primary for the loser to -- does the loser call the winner every time? >> i don't -- honestly, carl, i'm not avoiding. i don't know what the standard practice is. i think in the end all of these candidates have said repeatedly that if they're not the nominee, they will support the nominee 100 times over to h
where's our long-term debt? where's our deficits in this country? we have one of the most predictable looming economic disasters facing america and all we need to do is act on it. actually, the only thing president obama needs to do is fulfill the promises that he made to the american people in regard to those long-term debt problems and those long-term economic problems. and he's not there. and he apparently has no intention of going there. i think ultimately that will be the issue facing...
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Oct 10, 2012
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he only has 7,000 left and that was largely due to obama, not because he had $1 billion in debt on the company or that they overexpanded. so it's the irony that you pointed to that's made this so explosive, and the reason it's gone viral. >> clearly it's not about liquidity, if you take him at his word, robert, you talked to a lot of wealthy americans, is his view an outlier or is there some underlying widespread belief in what he's saying? >> there is a widespread belief and again, if you look at how well the 1%, the david siegels of the world are doing, it's baffling to many people why they are so upset, so angry at the current economy and at the current administration. for most of us they look like they're doing great. they captured 93% of the growth in 2009-2010, but they say it's not about their own personal finances. he said look, i'll be fine. i can go to the caribbean, i'll move back into versailles. it's really about the workers, it's the companies that we love to build and we just don't have an environment in which to do it, but again if you look at their own finances, it's h
he only has 7,000 left and that was largely due to obama, not because he had $1 billion in debt on the company or that they overexpanded. so it's the irony that you pointed to that's made this so explosive, and the reason it's gone viral. >> clearly it's not about liquidity, if you take him at his word, robert, you talked to a lot of wealthy americans, is his view an outlier or is there some underlying widespread belief in what he's saying? >> there is a widespread belief and again,...
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Sep 7, 2012
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and the deficit and do the things that barack obama promised that he would do for us four years ago. i do think that there is a place for the argument about the truth of the american economy. i think americans are ready for it. but i think it's up to us to point out every day that, look, this is a speech. this president didn't get the job done and this is where he needed to go and what we needed to get our economy back in line. >> we have two more jobs reports before the election actually happens. this one was disappointing. how critical is the data that faces us? yes, you're looking at four years, seven years out. but the fact of the matter s. once a central banker says we are going to ease the market rallies, and the markets are sitting on multi-year highs and they can could be increasing including the federal reserve. >> well, i think in regard to the jobs numbers, they are going to be important, of course, and i don't know how they are going to play with the electorate as we get closer to november. this is clearly the most important jobs report of the election. it wasn't a good r
and the deficit and do the things that barack obama promised that he would do for us four years ago. i do think that there is a place for the argument about the truth of the american economy. i think americans are ready for it. but i think it's up to us to point out every day that, look, this is a speech. this president didn't get the job done and this is where he needed to go and what we needed to get our economy back in line. >> we have two more jobs reports before the election actually...
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Jul 12, 2012
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slow downs whether shutting down the government or debt ceiling we managed to fix it. >> at the end of the bay, boehner and obama could not come to a grand bargain and kicked the can down the road when it comes to this key issue so we'll have a cutting that just takes effect as you well know. what gives the confidence that our political leaders can reach a real agreement? >> they always have in the past. and i think that one of the reasons it will be different this time is let's take a scenario that obama is re-elected. ep has more leverage. boehner goes back to his caucus and says this is a president that's going to basically extract more from us than the last time. i think that crates a dynamic for cooperation. i don't want to minimize this threat. the economy this year faces a lot of headwinds. the main point we're trying to make is if you look beneath the surface great stuff is going on. ten years from now you can be very bullish about the american economy because of the great reforms and changes going on with the private-sector not the problems here in washington. >> you make a ke
slow downs whether shutting down the government or debt ceiling we managed to fix it. >> at the end of the bay, boehner and obama could not come to a grand bargain and kicked the can down the road when it comes to this key issue so we'll have a cutting that just takes effect as you well know. what gives the confidence that our political leaders can reach a real agreement? >> they always have in the past. and i think that one of the reasons it will be different this time is let's...
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Jun 21, 2012
06/12
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in the debt deal we didn't cut spending enough. i didn't think we ended up cutting it at all and folks will agree or disagree. the point being, we'll have the fourth straight year of trillion dollar deficits and i am a member of the tea party and we come up here to change that and say, hey, at least we didn't make it worse. that's not good enough for the american people. >> let's keep this theme. you're part of the house ag committee, there is a farm bill right now that is working its way through the senate. i believe in july the house will have its version. can you give me a quick synopsis of what's going on in that bill and what's the biggest subsidy in that bill because we're all of course talking about the buzz word of subsidies. >> there are over $20 billion in cuts to america's farmers and ranchers and they're willing to step up to the plate and do their share and what the white house and the senate democrats do not want to focus on is the 80% of the farm bill that deals with food stamps. that's where all the growth has been.
in the debt deal we didn't cut spending enough. i didn't think we ended up cutting it at all and folks will agree or disagree. the point being, we'll have the fourth straight year of trillion dollar deficits and i am a member of the tea party and we come up here to change that and say, hey, at least we didn't make it worse. that's not good enough for the american people. >> let's keep this theme. you're part of the house ag committee, there is a farm bill right now that is working its way...
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Nov 6, 2012
11/12
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virginians didn't put a democrat into the white house until president obama came along. he won largely because of voters in the north. this is north versus south. northern virginia much more liberal. 23% population growth over the last ten years. a lot of that hispanic people moving into the state. in the south, still a very conservative southern virginia. it will be north versus south. what we have seen in the polls today, a lot of people coming in. it's a gorgeous day. it will be high voter turnout. polls close at 7:00 p.m. this will be an early read on 13 crucial electoral votes from virginia. back to you. >> and some say an early tell about the race at large. thank you very much. let's get to capital markets this morning. gary cominski is here on set. >> as far as voting, i did vote this morning. no electricity, power where i am. life is still pathetic. we'll get to that later. if you haven't voted you have no excuse. everybody is trying to figure out what's after this election. let's go to 2008. you remember the hope and change four years ago. you remember the stock
virginians didn't put a democrat into the white house until president obama came along. he won largely because of voters in the north. this is north versus south. northern virginia much more liberal. 23% population growth over the last ten years. a lot of that hispanic people moving into the state. in the south, still a very conservative southern virginia. it will be north versus south. what we have seen in the polls today, a lot of people coming in. it's a gorgeous day. it will be high voter...
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Aug 23, 2012
08/12
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president obama has been m.i.a. on this debate. we have a debt crisis staring us in the face, it's on the horizon. what has the president of the united states been doing, four budgets with trillion dollar deficits every single year and not a sing solution to tackle this problem. >> melissa, you could hear it, i'm all in favor of tax reduction and tax reform. but the numbers have to work or nearly so. and i think the missing piece is the spending cuts and they're going to have to come around and probably deliver some more information. i went through this many years ago with ronald reagan. everybody always questions our numbers. they wanted specifics, specifics, melissa. you can't always do that in a campaign. i do think team romney and ryan will have to provide more specifics on these numbers for anywhere pro-growth plan. >> we look forward, larry, to hearing the rest of the interview. larry kudlow joining us this morning. catch the full interview on the kudlow report, 7:00 pvm eastern time right here on cnbc. >> let's get a quick m
president obama has been m.i.a. on this debate. we have a debt crisis staring us in the face, it's on the horizon. what has the president of the united states been doing, four budgets with trillion dollar deficits every single year and not a sing solution to tackle this problem. >> melissa, you could hear it, i'm all in favor of tax reduction and tax reform. but the numbers have to work or nearly so. and i think the missing piece is the spending cuts and they're going to have to come...
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Oct 18, 2012
10/12
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we'll help you weigh through the confusing phrase debt valuation adjustment. and look how james goreman is looking good on his pledge to trim com. >> and reports say president obama is ready to veto any fiscal cliff compromise that doesn't include higher taxes for the wealthy. luster or did the likelihood of a deal just go down? >> it's a day full of telecommunications news. sprint has taken over majority share of clearwire. nokia reported better than expected quarterly results as the company gets ready to launch the new lumia smartphones next month. and google has sent out invitations for an october 29th android event where their expected to announce a new nexus smartphone and release a new nexus tablet. and verizon with a jump in third quarter profits brought up by wireless subscriptions after the company started selling the iphone. "squawk on the street" we will be joined by verizon chairman and ceo lowell mcadam. hadn't done an interview with him in quite some time. we'll speak about the quarter and about sprint. interesting to note, we'll see clearwire sh
we'll help you weigh through the confusing phrase debt valuation adjustment. and look how james goreman is looking good on his pledge to trim com. >> and reports say president obama is ready to veto any fiscal cliff compromise that doesn't include higher taxes for the wealthy. luster or did the likelihood of a deal just go down? >> it's a day full of telecommunications news. sprint has taken over majority share of clearwire. nokia reported better than expected quarterly results as...
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Oct 12, 2012
10/12
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president obama hasn't had a budget in four years. we have seen $4 trillion deficits under his lack of leadership with our debt reaching $16 trillion. and as you know, if we stay on this path, by the end of his second term, should he be re-elected, it would be $20 trillion. that's unacceptable. >> is there a way to say that within the framework of what simpson/bowles are now providing, this time with the involvement of a lot of the nation's ceos? >> well, governor romney and paul ryan, like i said, have laid out a plan, not just to bring spending under control, but to reform our tax code, get people working again. because with more people in the work force, we'll be able to generate more income and that will be more money coming in. as you know, right now with 23 million americans struggling for work, many of those underemployed, they can't get good jobs. the amount of income we need just isn't coming in. >> yeah. but what i hear you saying is that it's going to be on your terms from your plan. it's not going to be in any way trying t
president obama hasn't had a budget in four years. we have seen $4 trillion deficits under his lack of leadership with our debt reaching $16 trillion. and as you know, if we stay on this path, by the end of his second term, should he be re-elected, it would be $20 trillion. that's unacceptable. >> is there a way to say that within the framework of what simpson/bowles are now providing, this time with the involvement of a lot of the nation's ceos? >> well, governor romney and paul...